Article source: ConstructConnect
Canadian total employment shot up by +106,000 jobs in April, and the nation’s unemployment rate declined to 5.7%, according to the latest Labour Force Survey findings from Statistics Canada.
March’s jobless rate had been 5.8%. The month-to-month improvement in the out-of-work proportion would have been greater if not for the fact that the ‘participation rate’ climbed from 65.7% to 65.9% between the third and fourth months of this year. (A higher participation rate means that more people are actively on the hunt for jobs.)
The average monthly gain in total employment in Canada through the first third of 2019 has been +55,000, a robust hike. From January to April of last year, the average monthly change in the total Canadian jobs count was -2,000.
Since April 2018, total employment in Canada has risen by +426,000 jobs, a notable achievement.
